Coastal hotel opportunity comes to market

On behalf of a private vendor, Savills has brought to the market the vacant freehold of Lovat Lodge Hotel in Nairn, 16 miles east of Inverness.

The 26-bedroom hotel (all en-suite) over two storeys sits within a 0.428 acre site. The property was extended in 1999 and 2004.

According to a recent survey from online travel insurer and broker, Policy Expert, c.39% of Britons are choosing to holiday in UK seaside resorts like Nairn this summer in post-Brexit vote Britain

Steven Fyfe, associate director in the hotels agency team at Savills in Scotland, said: “Lovat Lodge is a superb asset repositioning opportunity in a strong hotel market. Close to Inverness, Nairn is a popular coastal town known as a great golfing and fishing destination. It is also host to Nairn International Jazz Festival every year. This, and an anticipation seaside staycations will grow this summer, suggests a ready-made tourist industry the new owner occupier could tap into.

“A strong global economy and the devaluation of sterling has meant UK hotels have become approximately 24% cheaper to foreign investors, allowing new international entrants to the UK market while also boosting UK business. This is making the UK a more attractive holiday destination for both domestic and overseas tourists and Lovat Lodge is an opportunity to capture this renewed interest.”

Lovat Lodge

Lovat Lodge

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